0001144204-04-017058 Sample Contracts

SECURITY AGREEMENT
Security Agreement • October 28th, 2004 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control • New Jersey

THIS SECURITY AGREEMENT (the “Agreement”) is entered into and made effective as of August 26, 2004, by and between ELBIT VISION SYSTEMS, LTD. , an entity organized under the laws of the State of Israel (the “Company”), and the BUYER as defined in the Securities Purchase Agreement of even date hereof (the “Secured Party”).

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SECURITY AGREEMENT
Security Agreement • October 28th, 2004 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control • New Jersey

THIS SECURITY AGREEMENT (the “Agreement”) is entered into and made effective as of August 26, 2004, by and between EVS US, INC. , a Delaware corporation (the “Company”), and the BUYER as defined in the Securities Purchase Agreement dated the date hereof (the “Secured Party”).

PLEDGE AND ESCROW AGREEMENT
Pledge and Escrow Agreement • October 28th, 2004 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control • New Jersey

THIS PLEDGE AND ESCROW AGREEMENT (the “Agreement”) is made and entered into as of August 26, 2004 (the “Effective Date”) by and between Cornell Capital Partners, LP (the “Pledgee”), Elbit Vision Systems, Ltd. (the “Borrower”) and Butler Gonzalez llp, as escrow agent (“Escrow Agent”). All capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned to them in the Documents (as defined herein).

INVESTMENT AGREEMENT
Investment Agreement • October 28th, 2004 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control • New Jersey

THIS INVESTMENT AGREEMENT (the “Agreement”) is dated as of August 26, 2004, by and between CORNELL CAPITAL PARTNERS, LP, a Delaware limited partnership (the “Buyer ”), and ELBIT VISION SYSTEMS, LTD., an entity organized under the laws of the State of Israel (the “Company”).

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